Evaluation of Canadian Oil and Gas Properties
This comprehensive course is an introduction or refresher for the techniques of evaluating Canadian oil and gas properties, but the techniques used in this course also apply to oil and gas properties elsewhere in the world. There is ample opportunity to work problems in class. By the end of this course, participants will be able to evaluate an oil and gas property and interpret evaluations done by others.
- How to estimate oil and gas reserves and forecast production
- Forms of ownership and the state royalty regimes in Western Canada
- How to understand and categorize capital and operating costs
- How to discount future cash flows and interpret profitability
- How to check income tax calculations in evaluations
- Using evaluations for investments, acquisitions and divestments
- Understanding probability in estimating reserve
Introductory to Intermediate
The material in the course is very practical, with many tips and insights in evaluating wells, groups of wells, properties and companies.
This course is for engineers, geologists, geophysicists, land negotiators, accountants, technologists, and anyone who wants to understand the process and results of evaluating Canadian oil and gas properties.
4.0 CEUs (Continuing Education Units) are awarded for this 5-day course.
All cancellations must be received no later than 14 days prior to the course start date. Cancellations made after the 14 day window will not be refunded. Refunds will not be given due to no show situations.
Training sessions attached to SPE conferences and workshops follow the cancellation policies stated on the event information page. Please check that page for specific cancellation information.
SPE reserves the right to cancel or re-schedule courses at will. Notification of changes will be made as quickly as possible; please keep this in mind when arranging travel, as SPE is not responsible for any fees charged for cancelling or changing travel arrangements.
We reserve the right to substitute course instructors as necessary.
John Carlson, P.Eng., is the Director of Sproule Training. John coordinates the development of course programs and schedules. He has extensive experience in the oil and gas industry as an engineer and has applied his knowledge base to growing Sproule’s curriculum and assisting in the development of new courses that are of value to those in the oil and gas industry. John has been a Sproule professional since 2014 and has a B.Sc. in Civil Engineering from the University of Calgary.
Hayley Silberg, P.Geo., is a Petroleum Geoscientist, an Engineer-in-Training, and the Manager of Sproule Training. Hayley performs 3D reservoir modelling, geostatistical analysis, seismic attribute mapping and uncertainty modelling, in addition to decline analysis for evaluations of Canadian oil and gas properties, as well as managing, developing and teaching within Sproule Training. Hayley has been teaching with Sproule since 2014, and has a B.Sc in Geological Engineering from Queen's University and an M.Sc. in Geophysics from the University of Western Ontario.
Cameron P. Six, P.Eng., is Sproule's President and CEO. Cam is responsible for leading the development and execution of Sproule’s long term strategy and for maximizing the efficiency and capabilities of the internal Sproule organization to optimize short term profitability. Even as President, Cam continues to teach with Sproule Training for the sheer love of teaching. He has been teaching since 2004, and has a B.Sc. in Chemical Engineering from the University of Calgary.
Keith Carr, Independent Training Consultant, has spent three decades in the oil and gas industry and has been sharing his knowledge and enthusiasm with students for several years. Keith’s experience spans many of the technical disciplines including drilling, completion, production engineering and facilities in both conventional and unconventional resources.
Miles Hughes, P.Eng., works on the evaluation of Canadian oil and gas properties, specializing in New Ventures and Special Projects. Prior to joining Sproule in 2014, he worked in Corporate Planning, predominantly at a large Canadian multinational firm, and also worked as an exploitation and production engineer. Miles has a B.Sc in Civil Engineering from the University of New Brunswick and an MBA from Queen's School of Business.
Matthew O’Blenes, P.Eng., is a Senior Petroleum Engineer with twenty years of reserve and resource evaluation experience at Sproule, with an emphasis on natural gas properties, especially unconventional gas properties. Matthew has been teaching with Sproule Training since 1997 and has a B.Sc. and M.Sc. in Mechanical Engineering from the University of New Brunswick and the University of Calgary, respectively.
Barry Hanson, P.Eng., is a Senior Petroleum Engineer with over thirty-five of industry experience, including five years of reserve and resource evaluation experience at Sproule, with an emphasis on type curve analyses for Canadian and US unconventional assets. Barry has been teaching with Sproule Training since 2017 and has a B.Sc. in Chemical Engineering from the University of Saskatchewan.
Liam O’Brien, P.Eng., is a Petroleum Engineer with five years of reserve and resource evaluation experience at Sproule, and is a key member of the commodity pricing forecast team. Liam has been teaching with Sproule Training since 2017 and has a B.Sc. in Mechanical Engineering from the University of Calgary.
Tamara Warren, P.Eng., is a Petroleum Engineer with four years of reserve and resource evaluation experience at Sproule with a focus on Western Canadian Sedimentary Basin assets. Tamara has been teaching with Sproule Training since 2017 and has a B.Sc. in Chemical Engineering from the University of Calgary.